Kizi Apparels IPO is a fixed price issue of Rs 5.58 crores. The issue is entirely a fresh issue of 26.58 lakh shares.
Kizi Apparels IPO opens for subscription on July 30, 2024 and closes on August 1, 2024. The allotment for the Kizi Apparels IPO is expected to be finalized on Friday, August 2, 2024. Kizi Apparels IPO will list on BSE SME with tentative listing date fixed as Tuesday, August 6, 2024.
Kizi Apparels IPO price is ₹21 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹252,000.
Interactive Financial Services Ltd is the book running lead manager of the Kizi Apparels IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Kizi Apparels IPO is Beeline Broking.
Refer to Kizi Apparels IPO RHP for detailed information.
Kizi Apparels IPO Details
| IPO Date | July 30, 2024 to August 1, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹21 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,658,000 shares (aggregating up to ₹5.58 Cr) |
| Fresh Issue | 2,658,000 shares (aggregating up to ₹5.58 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,161,200 |
| Share holding post issue | 7,819,200 |
| Market Maker portion | 138,000 shares Beeline Broking |
Kizi Apparels IPO Reservation
Kizi Apparels IPO offers 2,658,000 shares. 1,260,000 (47.40%) to NII, 1,260,000 (47.40%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 138,000 (5.19%) |
| Other Shares Offered | 1,260,000 (47.40%) |
| Retail Shares Offered | 1,260,000 (47.40%) |
| Total Shares Offered | 2,658,000 (100%) |
Kizi Apparels IPO Timeline (Tentative Schedule)
Kizi Apparels IPO opens on July 30, 2024, and closes on August 1, 2024.
| IPO Open Date | Tuesday, July 30, 2024 |
| IPO Close Date | Thursday, August 1, 2024 |
| Basis of Allotment | Friday, August 2, 2024 |
| Initiation of Refunds | Monday, August 5, 2024 |
| Credit of Shares to Demat | Monday, August 5, 2024 |
| Listing Date | Tuesday, August 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2024 |
Kizi Apparels IPO Lot Size
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹126,000 |
| Retail (Max) | 1 | 6000 | ₹126,000 |
| HNI (Min) | 2 | 12,000 | ₹252,000 |
| Lot Size Calculator | |||
Kizi Apparels IPO Promoter Holding
The promoters of the company are Abhishek Nathani and Kiran Nathani.
| Share Holding Pre Issue | 85.36% |
| Share Holding Post Issue | 56.35% |
About Kizi Apparels Limited
Incorporated in March 2023, Kizi Apparels Limited is involved in the production and trading of ready-to-wear clothing through our own showrooms, distributors, malls, and online platform.
The company has launched an e-commerce platform offering premium ethnic and Western women’s apparel under the brand names ANUTARRA and KIZI, respectively.
The company caters to all over India through its online platform.
The product portfolio of the company comprises of kurti sets, kurti, churidaar,Co-ord Sets,Semi formal Balzers, Shirts,Blouses, Tops/ Tunics, Dresses, Palazzo, skirt and dupatta.
As of June 30, 2024, the company has a total of 18 permanent employees in various departments, excluding the company directors
Kizi Apparels Limited Financial Information (Restated)
Kizi Apparels Limited’s revenue increased by 30.84% and profit after tax (PAT) rose by 31.36% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,340.30 | 1,135.10 | 725.14 |
| Revenue | 2,027.37 | 1,549.50 | 539.17 |
| Profit After Tax | 72.21 | 54.97 | 20.64 |
| Net Worth | 587.49 | 394.86 | 336.95 |
| Reserves and Surplus | 71.37 | ||
| Total Borrowing | 514.61 | 310.96 | 242.73 |
| Amount in ₹ Lakhs | |||
Key Performance Indicator
The market capitalization of Kizi Apparels IPO is Rs 16.42 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 15% |
| ROCE | 14% |
| Debt/Equity | 0.88 |
| RoNW | 12.29% |
| P/BV | 1.85 |
Check Kizi Apparels IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.4 | 0.92 |
| P/E (x) | 15.01 | 22.74 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (Kizi Apparels IPO Objectives)
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
- Repayment of unsecured Loans
- Long-term Working capital requirement
- General Corporate Purpose,
- Meeting Public Issue Expenses.
Kizi Apparels IPO Review (May apply)
[Dilip Davda] The company is engaged in ethnic garments and fashion wears. It has tied-up with Reliance Retail for bulk supplies. It also has own outlets and e-commerce marketing network. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for the medium term. Read detail review…
Kizi Apparels IPO Subscription Status (Bidding Detail)
The Kizi Apparels IPO is subscribed 3.48 times on July 30, 2024 3:41:10 PM (Day 1). The public issue subscribed 6.24 times in the retail category, [.] times in the QIB category, and 0.71 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.71 | 12,60,000 | 9,00,000 |
| Retail | 6.24 | 12,60,000 | 78,66,000 |
| Total | 3.48 | 25,20,000 | 87,66,000 |
Total Application : 1,449
*Market Maker portion is not included to NII/HNI.
Kizi Apparels IPO Prospectus
Kizi Apparels Limited Contact Details
Kizi Apparels Limited
H-629, Phase- II,
Sitapura Industrial Area,
Sanganer, Jaipur, 302022
Phone: +91 99830 23939
Email: info@kiziapparels.com
Website: https://kiziapparels.co.in/
Kizi Apparels IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html